Wednesday, March 12, 2008

Looking for a job? Well, this is the best time to be in India. India will see over 1 million new jobs this year said the Ma Foi Employment Trends Survey.

Ma Foi, one of India's largest HR consultancy firms, has predicted a 3 per cent increase in employment in 2008. Education, health and hospitality sectors will see a major jobs boom this year. These sectors are likely to replace the IT sector as the largest job creator in India. The health sector shows the highest growth in recruitment at 8.9 per cent followed by IT at 7.3 per cent, ITeS at 7.2 per cent and hospitality at 6.9 per cent.

About 426,668 jobs are going to be generated by the hospitality sector. This sector is closely followed by health at 295,829 and education training and consultancy at 166,005.

When it comes to salary hikes, energy generation and supply sector will experience the highest average salary increase of 16.8 per cent. Other booming sectors in terms of average salary increase are information technology, real estate and construction, trade and hospitality.

Image: Graduates from Indian School of Business, Hyderabad

India: No. 2 in job creation

India has emerged as the second most optimistic nation in the world in terms of employment outlook, with 36 per cent of employers having positive hiring plans for the April-June quarter this year.

Indian employers are the second most optimistic in the world, next only to Singapore. India shares the second place with Peru and Romania, says the Manpower Employment Outlook Survey.

In the Asia Pacific region, employers in Singapore are the most optimistic with a net employment outlook of 60 per cent, followed by India (36 per cent), while employers in China reported the weakest hiring forecast in the region, for the third consecutive quarter.

Employers in Costa Rica, Argentina, Poland, Hong Kong, Australia, Greece and South Africa also have favourable second quarter hiring plans.

Spain and Italy report the weakest job prospects in the next three months. The survey said that employers in all four regions in India are positive about their hiring intentions.

The southern region is likely to witness the most robust hiring pace (39 per cent), employers in the North anticipate brisk hiring activity with a net employment outlook of (36 per cent).

In case of the Western region, the employment outlook is 35 per cent and for the Eastern region, it is 26 per cent.

Hospitality is the hottest

The boom in the tourism industry has been a boon for the hospitality sector.

The hospitality sector will see the largest addition of 430,000 jobs, from 6.16 million in 2007 to 6.59 million in 2008.

"Tourism has a cascading effect on the hospitality sector, which was a result of the increase in the occupancy ratios and average room rates. With the demand continuing to surge, many global hospitality majors have evinced a keen interest in the Indian hospitality sector," said K Pandia Rajan, managing director, Ma Foi Management Consultants Ltd.

It adds that an estimated $11.41 billion is expected to be seen in the hospitality sector in the next two years and that India is likely to have around 40 international hotel brands by 2011.

Image: A view of the Umaid Bhawan Palace in Jodhpur.

Health is wealth!

The healthcare sector will offer job opportunities to 290,000 more people, from 3.32 million in 2007 to 3.61 million in 2008. The Indian health services sector is estimated to be around Rs 75,000 crore (Rs 750 billion) and is estimated to grow by 170 per cent by 2012.

Going ahead, the demand for healthcare will rise, creating more employment in this sector.

Does experience matter? Yes! Experienced workers are hired more than freshers, who constitute a little more than a quarter of the newly hired.

But there are some good news for freshers, too. Sectors where the demand for freshers is above 30 per cent include hospitality, energy generation & supply sector, ITeS and mining and extraction. Real estate and construction stands out as the sector in which more than 75 per cent of the recruitments are of experienced professionals.

Image: Ten-year old Riya Manojkumar Patel (2L) is watched by H.L.Trivedi (C) and other medical staff as she examines an unidentified kidney patient at a hospital in Ahmedabad. Riya who was the recipient of a kidney donated by her mother was hospitalised in this hospital for three months and when she expressed a desire to become a doctor for a day the 'Make-A-Wish Foundation' organised the wish for her.

More jobs in the education sector

The education sector, including training and consultancy, is expected to add 166,000 employees.

In 2007, the sector had employed 10.2 million people, which could go up to 10.4 million people this year.

Companies in the production and service sectors have facing a talent crunch. Hiring more people is thus essential for companies which have initiated partnerships with private and public institutes to build up relevant skills and training.

Other hot job sectors include: IT and ITES which will add 74,693 and 56,221 jobs, respectively. Banking/finance/insurance will add 7,600 jobs; energy generation & supply will add 15,197 jobs, real estate & construction will see 47,401 new jobs being created, and manufacturing which will see over 40,000 new employees

Image: A boom in education sector.

IT/ITeS: Hiring may dip, but slightly

India's largest job provider so far, IT and ITeS sector will see a fall in hiring this year. Rupee appreciation, the US slowdown and cost cutting measures initiated by the IT companies brings bad news for IT sector aspirants.

While the companies will continue to hire, it is expected to add only 130,000 jobs, taking the employee strength to 1.93 million in 2008 from 1.8 million last year.

"The trend is suggesting a slight dip in new job creations as sectors like textiles and IT have been hit by the rupee appreciation," says K Pandia Rajan.

"Last year, there was a 3.26 per cent increase in the number of jobs but it toned down to 3.05 per cent for 2008.

Major culprits for the stagnation have been the textile and IT and ITeS sectors, which could not generate enough jobs due to the currency appreciation," he adds.

Campus placements are likely to be hit this year. Mid-size and large IT and ITeS companies recruit in large numbers from engineering campuses in tier-III cities, with around 50 per cent students from these institutes getting placement offers. But due to the rupee rise, the percentage may drop to 35 per cent.

The textiles and clothing sector also faces the brunt of rupee appreciation. With an employment base of 1.5 million jobs, this sector is projected to generate only about 17,000 jobs this year.

The lowest employment generating sectors for 2008 are manufacturing of food and beverages, minerals and metal products and manufacturing of furniture.

Image: International Technology Park at Bangalore

Mumbai: Paradise for jobseekers

Which city do you live in? Is your city going to generate the maximum number of jobs? Check out!

Mumbai has always been home to millions of job seekers who migrate from different parts of the country. There is a job for everyone in the city that never sleeps.

In the city analysis, Mumbai is set to generate the highest number of jobs followed by Delhi, Chennai and Kolkata.

The hiring story is upbeat in small cities. In terms of the percentage change in employment between 2006-07 and 2007-08, Hyderabad is the forerunner followed closely by Pune.

Bhubhaneswar is another city with above 20 per cent growth in employment.

India's growth track has changed considerably. The impact on expected employment over the next one year will be mixed.

While some sectors such as mining, minerals, food products, furniture, textiles are expected to turn in negative growth in employment, there are many sectors like health, hospitality, IT and ITeS, real estate and construction that hold much promise for job seekers.

So what are you waiting for? Grab the opportunity to work in the booming sectors. All the best!

Aside from the complex physical connections that make up its infrastructure, the Internet is facilitated by bi- or multi-lateral commercial contracts (e.g., peering agreements), and by technical specifications or protocols that describe how to exchange data over the network. Indeed, the Internet is essentially defined by its interconnections and routing policies.

As of December 30, 2007, 1.319 billion people use the Internet according to Internet World Stats. Writing in the Harvard International Review, philosopher N.J. Slabbert, a writer on policy issues for the Washington, D.C.–based Urban Land Institute, has asserted that the Internet is fast becoming a basic feature of global civilization, so that what has traditionally been called "civil society" is now becoming identical with information technology society as defined by Internet use. - web design company, web designer, web design india

Aside from the complex physical connections that make up its infrastructure, the Internet is facilitated by bi- or multi-lateral commercial contracts (e.g., peering agreements), and by technical specifications or protocols that describe how to exchange data over the network. Indeed, the Internet is essentially defined by its interconnections and routing policies.

As of December 30, 2007, 1.319 billion people use the Internet according to Internet World Stats. Writing in the Harvard International Review, philosopher N.J. Slabbert, a writer on policy issues for the Washington, D.C.–based Urban Land Institute, has asserted that the Internet is fast becoming a basic feature of global civilization, so that what has traditionally been called "civil society" is now becoming identical with information technology society as defined by Internet use. - web design company, web designer, web design india

Web Art Sense a web design company is here for a purpose to make art and design of your imagination alive and real on the web platform. After several months of hunting of the best talent and struggling for the name of their design company they finally reached a vertical which engages their vision of togetherness. The best talented people in web designs have joined hands to compete and provide innovative, unique concepts to users/clients all across the globe. Web Art Sense is not any design company; they take real care of having your brands be presented that invokes your revelation to others who see it.

Web Art Sense has their sales offices in London, New Jersey and New Delhi are heading towards marketing themselves to main continents of Europe, Australia and America. Web art sense already has ground foundation and is providing web based design development and SEO Services in countries like USA, UK, Australia and Italy. Web Art Sense has been growing above hundred percent every financial year since its foundation.Web Design Company

Web Art Sense a leading web design company, affordable web design, web development, ecommerce, XHTML Services. Web Design Company offers a complete collection of web design solutions for business. Web Art Sense team of professionals with proven knowledge in the field of web design & development are skilled of providing high quality, e commerce websites, development and website redesign & maintenance solutions.

I absolutely love your blog and find almost all of your post’s to be precisely what I’m looking for. Does one offer guest writers to write content in your case? I wouldn’t mind creating a post or elaborating on a lot of the subjects you write regarding here. Again, awesome site!

ESG Appliance is an appliance repair and service company operating in the Los Angeles and Orange counties and providing Installation, Service and Maintenance for appliances like Ice Maker, Microwave Oven, Washer Dryer.Washer Dryer

I absolutely love your blog and find almost all of your post’s to be precisely what I’m looking for. Does one offer guest writers to write content in your case? I wouldn’t mind creating a post or elaborating on a lot of the subjects you write regarding here. Again, awesome site!Price trades

Fantastic article just about college! Without any doubts all of us meet any problems with thesis . It is specially problematic when you have another privilege in life. I have had the aforementioned troubles until I have observe a company providing experienced writing services.

I found your website perfect for my needs. It contains wonderful and helpful posts. I have read most of them and learned a lot from them. You are doing some great work. Thank you for making such a nice website.Where to Buy Essential Oils

I just wanted to add a comment here to mention thanks for you very nice ideas. Blogs are troublesome to run and time consuming thus I appreciate when I see well written material. Your time isn’t going to waste with your posts. Thanks so much and stick with it No doubt you will definitely reach your goals! have a great day!Jake Gyllenhall workout